Carnival stock prediction 2021

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For Carnival Corporation & plc stock forecast 2021, 7 predictions are offered for each month of 2021 with average Carnival Corporation & plc stock forecast of $16.06, a high forecast of $23.24, and a low forecast of $10.66. The average Carnival Corporation & plc stock forecast 2021 represents a -38.12% decrease from the last price of $25.95.

Stock Price Forecast

The 20 analysts offering 12-month price forecasts for Carnival Corp have a median target of 14.00, with a high estimate of 29.00 and a low estimate of 7.00. The median estimate represents a +56.95% increase from the last price of 8.92.

Full
Answer

What has happened to Carnival’s stock so far in 2021?

Carnival (NYSE: CCL), the largest cruise operator, has seen its stock rise by about 12% since the beginning of 2021. Here’s a quick rundown of some of the recent developments for the company. Firstly, Carnival has continued to push back its cruising timeline.

Why did cruise lines stock rise 15% in 2021?

Carnival (NYSE: CCL), the largest cruise operator, has seen its stock rise by about 15% since the beginning of 2021, trading at levels of around $25 per share currently. The gains are driven by a decline in Covid-19 cases and a higher rate of vaccinations in the U.S.

What is the price prediction for Carnival (CCL) stock?

Carnival (CCL) stock price prediction is 2.707 USD. The Carnival stock forecast is 2.707 USD for 2021 July 29, Thursday; and 306.097 USD for 2025 July 29, Tuesday. Carnival (CCL) stock price prediction is 2.707 USD.

What is the stock price of Carnival Corporation of America?

Since then, CCL shares have decreased by 0.8% and is now trading at $21.57. View which stocks have been most impacted by COVID-19. Are investors shorting Carnival Co. &? Carnival Co. & saw a increase in short interest in November.

How much did Carnival make in 2023?

Has Carnival been halved?

Is Carnival stock going down in 2020?

Is Carnival dilution worse?

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Is Carnival undervalued?

And with a market capitalization of $18.6 billion, Carnival is trading for approximately 1.2 times forward sales. And when you add in a price-to-book ratio of 3.68, Carnival can be considered undervalued.


Is Carnival a Buy Sell or Hold?

Carnival Co. & has received a consensus rating of Hold. The company’s average rating score is 2.06, and is based on 4 buy ratings, 9 hold ratings, and 3 sell ratings.


Is CCL overvalued?

While CCL stock has been rallying among other discretionary stocks, reality has started setting in now, and most of the gains have now been wiped away. In the past month, the share price lost 16.8%. The stock is still gross overvalued, as it trades at over 27 times its forward enterprise value to sales.


Is CCL a good stock to buy now?

Out of 13 analysts, 1 (7.69%) are recommending CCL as a Strong Buy, 1 (7.69%) are recommending CCL as a Buy, 8 (61.54%) are recommending CCL as a Hold, 1 (7.69%) are recommending CCL as a Sell, and 2 (15.38%) are recommending CCL as a Strong Sell.


What is the future of CCL stock?

Stock Price Forecast The 20 analysts offering 12-month price forecasts for Carnival Corp have a median target of 14.00, with a high estimate of 29.00 and a low estimate of 7.70. The median estimate represents a +35.40% increase from the last price of 10.34.


What is the target price for CCL?

Stock Price TargetsHigh$29.00Median$14.00Low$7.70Average$15.49Current Price$10.55


What’s the highest Carnival stock has been?

The latest closing stock price for Carnival as of June 24, 2022 is 10.85.The all-time high Carnival stock closing price was 71.94 on January 29, 2018.The Carnival 52-week high stock price is 27.53, which is 153.7% above the current share price.More items…


Does CCL pay a dividend?

CCL does not currently pay a dividend.


Is Carnival stock a buy Zacks?

Carnival Corporation – Sell Zacks’ proprietary data indicates that Carnival Corporation is currently rated as a Zacks Rank 4 and we are expecting a below average return from the CCL shares relative to the market in the next few months.


Will Carnival Cruise recover?

It was recently discovered that Covid-19 was found on board a Carnival cruise.


Is CARNIVAL Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering ( NYSE : CCL ) stock is to Hold CCL stock. Out of 12 analysts , 0 ( 0% ) are recomme…


What is CCL’s earnings growth forecast for 2022-2024?

( NYSE : CCL ) CARNIVAL ‘s forecast annual earnings growth rate of N/A is not forecast to beat the US Travel Services industry’s average fo…


What is CCL’s revenue growth forecast for 2022-2024?

( NYSE : CCL ) CARNIVAL ‘s forecast annual revenue growth rate of 145.44% is forecast to beat the US Travel Services industry’s average fore…


What is CCL’s forecast return on assets (ROA) for 2022-2024?

(NYSE: CCL) forecast ROA is 4.24%, which is lower than the forecast US Travel Services industry average of 17.74%.


What is CCL’s Price Target?

According to 10 Wall Street analyst s that have issued a 1 year CCL price target, the average CCL price target is $22.40 , with the highest…


What is CCL’s Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: CCL) CARNIVAL’s current Earnings Per Share (EPS) is -$8.31. On average, analysts forecast that CCL’s EPS will be -$2.30 for 2022, with the l…


What is CCL’s forecast return on equity (ROE) for 2022-2024?

(NYSE: CCL) forecast ROE is 21.89%, which is considered strong.


Should I buy or sell Carnival Co. & stock right now?

17 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Carnival Co. & in the last year. There are currently 3 sell ratings, 10 h…


What is Carnival Co. &’s stock price forecast for 2022?

17 brokers have issued 1-year price objectives for Carnival Co. &’s stock. Their forecasts range from $13.00 to $39.00. On average, they anticipate…


How has Carnival Co. &’s stock performed in 2022?

Carnival Co. &’s stock was trading at $20.12 at the beginning of the year. Since then, CCL stock has decreased by 45.1% and is now trading at $11.0…


When is Carnival Co. &’s next earnings date?

Carnival Co. & is scheduled to release its next quarterly earnings announcement on Monday, June 27th 2022. View our earnings forecast for Carnival…


How were Carnival Co. &’s earnings last quarter?

Carnival Co. & plc (NYSE:CCL) announced its quarterly earnings results on Tuesday, March, 22nd. The company reported ($1.65) EPS for the quarter, m…


Who are Carnival Co. &’s key executives?

Carnival Co. &’s management team includes the following people: Mr. Micky Meir Arison , Exec. Chairman (Age 72, Pay $120.09k) Mr. Arnold W. Dona…


What is Arnold W. Donald’s approval rating as Carnival Co. &’s CEO?

23 employees have rated Carnival Co. & CEO Arnold W. Donald on Glassdoor.com . Arnold W. Donald has an approval rating of 93% among Carnival Co. &…


Who are some of Carnival Co. &’s key competitors?

Some companies that are related to Carnival Co. & include Airbnb (ABNB) , Marriott International (MAR) , Royal Caribbean Cruises (RCL) , Hyatt…


What other stocks do shareholders of Carnival Co. & own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carnival Co. & investors own include Delta Air Lines (DAL)…


About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others.


Carnival Co. & (NYSE:CCL) Frequently Asked Questions

15 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Carnival Co. & in the last year. There are currently 2 sell ratings, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “hold” Carnival Co. & stock.


CCL stock is rising

Carnival stock is rising after the FDA officially fully approved the COVID-19 vaccine developed by Pfizer and its partner BioNTech. The clearance should be good news for the tourism sector. Higher vaccination rates should make travel safer and encourage more people to take trips.


CCL stock is a good buy now

Carnival will see a significant revenue acceleration in 2022 as the cruise sector returns to normality and the coronavirus pandemic is brought under control. The massive pent-up demand for outdoor entertainment will help increase the cruise operator’s earnings. Carnival expects to operate at 65 percent of its total capacity by the end of 2021.


Stock Price Forecast

The 17 analysts offering 12-month price forecasts for Carnival Corp have a median target of 25.00, with a high estimate of 38.00 and a low estimate of 17.48. The median estimate represents a +18.43% increase from the last price of 21.11.


Analyst Recommendations

The current consensus among 20 polled investment analysts is to Hold stock in Carnival Corp. This rating has held steady since February, when it was unchanged from a Hold rating. Move your mouse over past
months for detail


How much did Carnival make in 2023?

Back in July, Deutsche Bank analyst Chris Woronka came to the conclusion that the $4.40 a share that Carnival earned last year would be only $2.88 a share under 2023’s accounting for the new share count and interest expense. The dilution has only gotten worse. Carnival doesn’t have much of a choice.


Has Carnival been halved?

However, it’s not as if the value of Carnival — the company — has been more than halved in 2020. Carnival has taken on a lot of debt and printed new shares to raise the liquidity necessary to stay alive during the lull.


Is Carnival stock going down in 2020?

Carnival stock has surrendered a little more than 60% of its value in 2020 through Monday’s close. In sizing up if the slammed stock will crater in the year ahead one can argue that it has already crashed. However, it’s not as if the value of Carnival — the company — has been more than halved in 2020. Carnival has taken on a lot of debt and printed new shares to raise the liquidity necessary to stay alive during the lull. Its share count has risen from 684 million to 775 million over just the past two quarters, and the weighted outstanding shares will grow again when Carnival reports fresh financials later this month. Its total debt has popped from $11 billion to more than $18 billion over just the past three quarters, and that figure too will grow when Carnival reports its fiscal fourth-quarter results in a few weeks.


Is Carnival dilution worse?

The dilution has only gotten worse. Carnival doesn’t have much of a choice. It’s burning through $530 million a month right now, and the starting line keeps getting extended. Today’s investors aren’t worried about Carnival’s thinning fleet or how profitability will be squeezed on a per-share basis in the coming years.


The entire leisure sector looks like it is sinking

Without any real indication of when cruise ships will begin sailing again, Berenberg analyst Stuart Gordon believes Carnival ( CCL 2.28% )( CUK 3.37% ) is in an untenable situation, one he says is “unsustainable.”


A rogue wave

Gordon isn’t the only one worried about Carnival’s “ballooning” debt levels. On Wednesday, ratings agency Moody’s said it was considering downgrading the cruise operator’s deeper into junk territory.


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How much did Carnival make in FY19?

Carnival’s revenues rose from about $16.4 billion in FY’16 (fiscal years end November) to about $21 billion in FY’19, as demand for cruises rose. The company’s earnings also grew sharply over the period, rising from around $3.70 per share to about $4.30 per share. However, the picture has changed dramatically over 2020.


How much has the stock market gained in 2020?

That said, the stock has gained about 28% from lows seen in March 2020, driven by some progress in shoring up its liquidity and the multi-billion dollar stimulus package announced by the U.S. government which has helped the stock market, in general, recover to a large extent.


How much did CCL stock drop in 2009?

CCL stock declined from levels of around $49 in October 2007 (the pre-crisis peak) to roughly $20 in March 2009 (as the markets bottomed out), implying that the stock lost as much as 60% of its value from its approximate pre-crisis peak. This marked a higher drop than the broader S&P, which fell by about 51%.


Why did Carnival send a letter to passengers?

The ship sent a letter to passengers explaining a non specific medical issue is preventing them from disembarking the ship and allowing new passengers aboard. Carnival employees were informing passengers that it could be a long wait and they should use restaurants and bathrooms aboard the Queen Mary.


How much did cruise stocks trade in February?

The stock traded at about $44 per share in February, as the markets peaked pre-Covid, and is about 65% below that level presently.


Is Carnival cruising in 2021?

Carnival (NYSE: CCL), the largest cruise operator, has seen its stock rise by about 12% since the beginning of 2021. Here’s a quick rundown of some of the recent developments for the company. Firstly, Carnival has continued to push back its cruising timeline. In late January, the company said that it had paused departures from the U.S through the end of April, and canceled Australian operations through mid-May, although a few of its ships are likely to be cruising again in Europe around March. Overall, we think it’s safe to assume that the company’s operations will pick-up in a meaningful way only later this year, by when a bulk of the U.S. population is likely to be vaccinated against Covid-19. This would mean that the company is likely to miss out on the Summer cruising season, which is typically the busiest.


Is Carnival better capitalized?

The CEO of Carnival has also indicated that he doesn’t expect a return to pre-pandemic revenue levels before 2023 at the earliest. Now Carnival is better capitalized compared to its other cruise line peers, holding about $9.5 billion in cash as of the end of Q4 2020.


When will CCL stock hit $72.70?

If that scenario plays out, there is a real possibility of CCL stock hitting $72.70 by the end of 2022. On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. Will Ashworth has written about investments full-time since 2008.


How long will the cruise line last without revenue?

When the company raised $2.5 billion through stock sales at the end of 2020, it said it had enough cash to last 15 months without any revenue, despite burning $600 million per month while its cruises from the U.S. were on hold. There is no doubt that the road to recovery has taken far longer than most anticipated.


How much did Carnival make in 2023?

Back in July, Deutsche Bank analyst Chris Woronka came to the conclusion that the $4.40 a share that Carnival earned last year would be only $2.88 a share under 2023’s accounting for the new share count and interest expense. The dilution has only gotten worse. Carnival doesn’t have much of a choice.


Has Carnival been halved?

However, it’s not as if the value of Carnival — the company — has been more than halved in 2020. Carnival has taken on a lot of debt and printed new shares to raise the liquidity necessary to stay alive during the lull.


Is Carnival stock going down in 2020?

Carnival stock has surrendered a little more than 60% of its value in 2020 through Monday’s close. In sizing up if the slammed stock will crater in the year ahead one can argue that it has already crashed. However, it’s not as if the value of Carnival — the company — has been more than halved in 2020. Carnival has taken on a lot of debt and printed new shares to raise the liquidity necessary to stay alive during the lull. Its share count has risen from 684 million to 775 million over just the past two quarters, and the weighted outstanding shares will grow again when Carnival reports fresh financials later this month. Its total debt has popped from $11 billion to more than $18 billion over just the past three quarters, and that figure too will grow when Carnival reports its fiscal fourth-quarter results in a few weeks.


Is Carnival dilution worse?

The dilution has only gotten worse. Carnival doesn’t have much of a choice. It’s burning through $530 million a month right now, and the starting line keeps getting extended. Today’s investors aren’t worried about Carnival’s thinning fleet or how profitability will be squeezed on a per-share basis in the coming years.

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